Round Hill Capital announces trio of accommodation investments in Spain

Round Hill Capital has made three new accommodation investments in Spain for €183 million ($193.35 million).

The assets include a historic 400-bedroom hotel set to become one of the largest modern accommodation spaces in Madrid, and two new purpose-built student accommodation (PBSA) developments in Madrid and Seville. Combined and once refurbished, this will add a projected 1,228 new beds to Round Hill Capital’s growing real estate portfolio in Iberia.

Round Hill Capital acquired a 24,000 square-meter (258,333 square-foot) vacant, freehold hotel located in prime central Madrid, with a projected total investment over €120 million ($127 million).  The building will be refurbished to create a flagship aparthotel scheme specifically designed to provide accommodation with a focus on students and young people. To be developed by Ruesma and designed by Morph Estudio, the space will include F&B spaces, a gym, co-working space and an interior garden.

The asset